Stradley Ronon partner Michael Mundt contributed to the Independent Directors Council’s update of its white paper on board oversight of exchange-traded funds (ETFs).
With the increased demand for ETFs, this updated paper provides an in-depth overview of the duties of ETF directors. The paper provides details of an ETF’s regulatory framework, design, investment objectives, contractual relationships and more.
The paper also addresses recent ETF developments, including the SEC’s ETF exemptive rule, the introduction of non-transparent or semi-transparent active ETFs and the conversion of mutual funds to ETFs.
Read the white paper here.